Several years ago ABC rolled out a hit new series entitled “Shark Tank.” The idea is that entrepreneurs stand before potential investors and pitch their business ideas in front of cameras in the hopes that these “Sharks” would invest their own personal monies into their business. Through the show America has seen a myriad of products and services pitched with only a few getting investments. This show has captured the audience of entrepreneurs and also helps us to have insight into the business realm as it evolves into a post recession economy. There are fantastic reasons why entrepreneurs and existing business owners should watch this hit series.
This show helps us to have drive
For the most part, the producers of this show pick contestants that have drive and passion behind their business or idea. In their mind this makes for great television but in the business world passion is key to sustainability. This show reminds us that we can be and should be passionate about what we do. Going into self-employment comes with a lot of risk and therefore having a passion and drive behind our business will grow our likelihood of success.
This show gives us insight into the investors mind
In this show we see the response of the investor to the entrepreneur. The investors are billionaires and muti-millionaires themselves and being able to hear their business wisdom and insight is crucial information that can’t be learned in a classroom. Being able to watch their responses, disagreements, and seeing what peaks their interest helps the business owner adjust his own mindset when it comes to business.
The show gives us insight into the mistakes of entrepreneurs
The “Shark” investors can spot a bad business within the first few minutes of a pitch. They are able to analyze the mistakes of entrepreneurs and almost consult in a sense with them about what could make their service, idea, or product a failure. This analysis can help the existing business owner avoid the mistakes of the entrepreneur on the television screen and implement the wisdom of the Sharks.
The show gives us insight into business of the future
When sharks invest their money into certain businesses they can either affirm a business model or inflate an existing business model. Following their money is an easier way to discover good business practices instead of falling flat on your face and making the mistakes yourself.
The show might spark an idea
With the myriad of business ideas that are presented the show helps us to think innovatively or differently about the way our business is done. These ideas might mature into a more profitable business and at the end of the day that’s why we are in business.
One business that would do very well on the Shark Tank is Smith Monitoring home security. This company provides the finest home security systems on the market and their customer satisfaction makes them one of the fastest growing companies in the United States. You should check out Smith security reviews. Watching the shark tank has a myriad of benefits to the watcher when relating it to business.
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